XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest Income        
Residential loans $ 35,154 $ 25,808 $ 66,554 $ 50,817
Commercial loans 12,921 12,679 22,381 23,593
Real estate securities 18,417 24,839 39,512 52,614
Other interest income 295 47 668 95
Total interest income 66,787 63,373 129,115 127,119
Interest Expense        
Short-term debt (5,337) (6,527) (12,034) (13,751)
Asset-backed securities issued (3,982) (5,645) (8,264) (11,847)
Long-term debt (13,125) (10,836) (26,096) (21,371)
Total Interest Expense (22,444) (23,008) (46,394) (46,969)
Net Interest Income 44,343 40,365 82,721 80,150
Reversal of provision for loan losses 6,532 261 6,243 55
Net Interest Income After Provision 50,875 40,626 88,964 80,205
Non-interest Income        
Mortgage banking activities, net 7,728 7,447 14,946 9,373
Mortgage servicing rights income (loss), net 2,783 830 9,064 (10,094)
Investment fair value changes, net (11,066) (1,788) (30,604) (2,936)
Other income 1,559 1,299 2,514 2,108
Realized gains, net 9,884 6,316 19,422 10,622
Total non-interest income (loss), net 10,888 14,104 15,342 9,073
Operating expenses (20,155) (25,218) (50,607) (50,281)
Net income before provision for income taxes 41,608 29,512 53,699 38,997
(Provision for) benefit from income taxes (327) (2,448) (355) 2,868
Net Income $ 41,281 $ 27,064 $ 53,344 $ 41,865
Basic earnings per common share (usd per share) $ 0.52 $ 0.31 $ 0.67 $ 0.48
Diluted earnings per common share (usd per share) 0.48 0.31 0.67 0.47
Regular dividends declared per common share (usd per share) $ 0.28 $ 0.28 $ 0.56 $ 0.56
Basic weighted average shares outstanding (shares) 76,664,829 83,936,844 76,901,255 83,650,170
Diluted weighted average shares outstanding (shares) 97,761,936 94,949,741 88,728,380 85,473,905